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Dec 26, 2012 11:00am PST
? >> we did expect that given there was no deal on the fiscal cliff that he would have to return early from his hawaiian vacation. he will be flying out late or this evening. the first lady and the first daughters continuing his hawaiian vacation. he will find himself in a similar situation. the negotiations are largely deadlocked. just to give you a sense of how we got to where we are, if you go back to last week, it seemed like the house and speaker were getting close to getting a big deal that would have included tax reform and deficit reduction. that fell apart. house speaker john boehner tried to get his own bill through the house. he realized he didn't have enough votes for that. that fell apart as well. the ball is in the senate's court. according to an aide, senate majority leader harry read will not bring a bill to the floor unless he believes he will not have the support to get it passed or at least not to block it. that is the strategy right now. president obama will be working with what ma jority leader reid trying to get something through. the president wanted a big deal g
Dec 28, 2012 11:00am PST
is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at this 3:00 meeting. any idea what smaller might mean? >> reporter: it's a good question, craig. actually kelly o'donnell reporting some more of this from the hill. she says that income level of $400,000 that the president had more recently offered as the place beneath which he wanted to make sure there was an extension of the bush era tax cuts according to kelly not a part of this plan. democrats say that offer for the president which represented a compromise that we had heard about last week as part of a bigger proposal is not a part of the plan to be discussed behind closed doors. only a short time from now. the real question is
Dec 31, 2012 11:00am PST
saying a deal to avoid the fiscal cliff is in sight and not done yet. in the wake of that, stocks are higher as investors remain laser focused on the fiscal cliff negotiations and right now the dow up about 70 points right now and that could break the string of five straight losing sessions on wall street. now joining me is sue herrera. how are you investors feeling? >> i think rather uncertain because as the president said, the deal is in the works but it is not done yet. wall street is aching for a deal. we saw that as the president was speaking at 1:30 p.m. eastern time. the dow jones industrial average up 75 and then mentioned the fact that we weren't getting the deal done right now at this very minute. we sold off on the trading session so wall street needs some certainly. it doesn't need a band aid approach and unfortunately it looks like that's what we're going to get. that's probably better than going over the fiscal cliff but wall street's a very fickle place and they like more certainty than right now. >> cromwell much, he said in the past that what needs to happen to ge
Dec 27, 2012 11:00am PST
already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a lovely time, isn't it? right now it appears clear if there's conversation going on it is not happening between the primary players but perhaps between their surrogates, senior staff and others, between those on the hill and here at the white house right now but senior white house -- senior administration official told me a short time ago that there is no proposal being sent up to the hill today. harry reid, the senate majority leader, also denied that any such thing was taking place today. both of those denials do also come against the backdrop of the fact both sides acknowledged this is not something they plan to
Search Results 0 to 3 of about 4